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Culture

Our culture is based on insight, integrity and passion. These qualities drive everything we do. We hire entrepreneurial, intellectually curious, and passionate talent who are unsatisfied with the status quo. Our collaborative work environment is designed to bring out the best in our employees.

Life at Magnetar

Employees tenured for 5+ years

112

Competing in endurance athletic events

1 in 3

Use public transportation for daily commute

>40%

Most common professional certification

CPA/CFA

Charities that received donations from employees and/or the firm in 2018

58

Donated to financial education

$8 M+

Be Among The Best

Working at Magnetar

Our Employees

We have highly-skilled, dedicated professionals who enjoy working across groups and executing innovative ideas. Our diverse set of employees include music majors, brewery aficionados, amateur astronomers, public theater buffs, and an international math champion.

Leadership

Be Among the Best

We have an intense level of intellectual curiosity and a profound passion for our work. Our collaborative work environment is designed to bring out your best.

Careers

Financially Empowering Students

Magnetar Academy was established in 2011 by the founders of Magnetar Capital with a simple mission: educate students in making smart financial decisions. In 2016, Magnetar and UChicago STEM Education partnered to scale financial education across the U.S. A product of this partnership, finEDge – a single-semester high school financial literacy program – is now taught in high schools across 11 states.

finEDge

Culture Q&A

Who We Are

Q.
Can you describe the typical recruiting process for roles at Magnetar?

We hire on an as-needed basis driven by business need. Once a role is opened, the job description will be immediately posted on our Careers page.

Who We Are

Q.
What background and experience does Magnetar look for in potential candidates?

Given our size, we place a lot of value on candidates who are willing to roll up their sleeves and take on any work, no matter your level. We seek out candidates who are smart, collaborative, driven, and have that natural intellectual curiosity to help us challenge ourselves and stay committed to our emphasis on innovation.

Who We Are

Q.
What opportunities are available for entry-level employees?

We have two entry-level, rotational programs: Software Engineer Rotational Program, and Rotational Analyst Program, a program specifically designed for cross training young talent through core back-office teams (such as fund accounting, operations, and fund reporting). Both programs hire graduating seniors for summer start dates, and recruitment begins in the fall for both programs.

Who We Are

Q.
What is the culture like at Magnetar?

At Magnetar, our culture is based on our core values of insight, integrity and passion.

Who We Are

Q.
What are the advantages of being headquartered in Evanston, IL?

We chose Evanston to call home as this location has many benefits – most notably being centrally located to both downtown Chicago and many suburbs.

Who We Are

Q.
Where are Magnetar’s regional offices? What are their specific functions?

In addition to our Evanston headquarters, we have offices around the globe to best serve our clients’ needs and manage our investments.

Who We Are

Q.
Does Magnetar support charitable giving?

In 2018, Magnetar made donations to 58 separate charities. This includes matching grants to charities of employees' choosing and additional donations from our snack carts and other charitable events.

Who We Are

Q.
How does Magnetar support financial education?

In 2011, our founders established the Magnetar Youth Investment Academy with a simple mission: educate students in making smart financial decisions. Since, we’ve partnered with UChicago STEM Education to expand our impact and have served nearly 19,000 high school students through more than 900 classes in 155 schools.

Who We Are

Q.
How have Magnetar employees volunteered to support youth financial education?

Since the Magnetar Youth Investment Academy was established in 2011, employees have volunteered more than 20,000 hours towards financial education initiatives – like coaching a high school team at the Magnetar Team Challenge stock trading competition, or supporting the development of the new finEDge financial education curriculum. In addition, the Magnetar Capital Foundation has donated $8+ million to support the cause.

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